Argentina's Low Foreign Reserves Hit Peso

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Ken Parks BUENOS AIRES--Argentina's international reserves are starting to dwindle in the wake of the country's second sovereign-debt default in almost 13 years, putting added stress on the peso and an economy believed to be in recession. The default ...

Dollar Lower Against Yen as Investors Lock In Profits

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Hiroyuki Kachi The dollar was lower in Asia on Thursday, after early stock market weakness prompted investors to sell the greenback to lock in profits. Subsequent trading was largely directionless, though, ahead of U.S. economic data out later in ...

CURRENCIES: Dollar Lower Against Yen As Investors Lock In Profits

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Hiroyuki Kachi The dollar was lower in Asia on Thursday, after early stock market weakness prompted investors to sell the greenback to lock in profits. Subsequent trading was largely directionless, though, ahead of U.S. economic data out later in ...

Philippines Economy Soars in Second Quarter -- Update

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Cris Larano MANILA--The Philippine economy grew 6.4% on year in the second quarter, making it one of Asia's fastest-growing countries and deepening expectations for further rate increases. While China and other Asian economies are looking at easing monetary policy ...

Ukraine Tensions Spur U.S. Stock Futures Downward

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Chris Dieterich U.S. stock futures ticked lower on Thursday as investors weighed renewed tension on the Russia-Ukraine border against upbeat economic reports. Futures on the Dow Jones Industrial Average fell 46 points, or 0.3%, to 17047 less than 60 ...

U.K. Retailers Report Strong Sales for August-CBI

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Jon Sindreu LONDON--Retailers in the U.K. saw sales for August grow strongly and expect them to accelerate next month, the Confederation of British Industry said Thursday, after official figures for July failed to meet expectations. In the latest quarterly ...

Brazil's IGP-M General Price Index Down 0.27% in August

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Rogerio Jelmayer SAO PAULO--Brazil's IGP-M general price index fell for the fourth consecutive month in August, reinforcing the central bank's view that inflation is likely to decelerate in the coming months. The IGP-M declined 0.27% in August, compared with ...

Italy Manufacturing Business Confidence Hits Low

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

ROME--Italian manufacturing business confidence fell to its lowest level in a year in August, pulled down by a worsening outlook for orders, weaker view for future production and drop in confidence sentiment, national statistics institute Istat said Thursday. The country ...

U.S. Stocks Slip on Ukraine Concerns

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Chris Dieterich U.S. stocks fell on Thursday as renewed tension on the Russia-Ukraine border cast a shadow over upbeat economic reports. The Dow Jones Industrial Average fell 72 points, or 0.4%, to 17050 in midmorning trading, on pace for ...

U.S. Banks Boosted Lending in 2Q, FDIC Says

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

WASHINGTON--U.S. banks increased their loan balances in the second quarter of 2014 by an amount not seen since before the financial crisis, a government report said, offering evidence of a pickup in lending as the economy slowly recovers. The Federal ...

German Finance Minister Warns of Risks to EU Economic Growth

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

PARIS--German Finance Minister Wolfgang Schaeuble said Thursday after a meeting with his French counterpart Michel Sapin that geopolitical tensions are weighing on the European economy, but ducked commenting on the implications for fiscal discipline in the euro zone. Mr. Schaeuble's ...

Mexico Debates Boosting Its Low Minimum Wage

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Juan Montes MEXICO CITY--Mexico is attracting record levels of foreign investment, boasts a stable economy and is becoming an export powerhouse in areas like cars and aerospace. But when it comes to one economic measure--its minimum wage--the country lags ...

MARKET SNAPSHOT: Stocks End Lower On Ukraine Fears; S&P 500 Under 2,000

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Victor Reklaitis and Sara Sjolin, MarketWatch NEW YORK (MarketWatch) -- U.S. stocks stepped back Thursday, with the S&P; 500 retreating from 2,000 and halting its three-day winning streak. Many market watchers blamed the decline on fresh Russian aggression toward ...

U.S. GDP Expands at 4.2% Rate in 2Q

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

WASHINGTON--The U.S. economy's second-quarter rebound was more robust than previously thought, putting the recovery back on track as it ended its fifth year. Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a ...

U.S. GDP Expanded at 4.2% Rate in Second Quarter

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Ben Leubsdorf and Sarah Portlock WASHINGTON--The U.S. economy's second-quarter rebound was more robust than previously thought, putting the recovery back on track as it ended its fifth year. Gross domestic product, the broadest measure of goods and services produced ...

CBO Offers Mixed Forecast of U.S. Budget, Economy

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

WASHINGTON--The U.S. government's deficit over the next decade will be smaller than previously forecast, as a protracted period of low interest rates has slowed the increase of debt payments, the Congressional Budget Office said on Wednesday. The difference between revenue ...

MARKET SNAPSHOT: U.S. Stocks: Futures Slip Ahead Of GDP Data

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- U.S. stocks were poised to break a three-day winning streak on Thursday, with futures for the three major benchmarks moving lower ahead of second-quarter data on U.S. economic growth. Futures for the Dow ...

Spain's Economy Sinks Deeper

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

MADRID--Spain's economy sank deeper into a spiral of price declines in August, compounding worries that countries on the periphery of the euro zone may be entering a period of deflation as they struggle to rebound from recession. The National Institute ...

Italy Manufacturing Business Confidence Hits Year Low in August

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Liam Moloney ROME--Italian manufacturing business confidence fell to its lowest level in a year in August, pulled down by a worsening outlook for orders, weaker view for future production and drop in confidence sentiment, national statistics institute Istat said ...